Hacker Who Looted $20,000,000 From a US Government Address Returns the Vast Majority of Stolen Funds: Arkham

The hacker who looted nearly $22 million worth of crypto from a US government wallet this week appears to have returned the vast majority of the funds, according to the digital asset deanonymizing platform Arkham.

On Thursday, the exploiter plundered the crypto from a government address that hadn’t moved any digital assets in eight months.

However, Arkham notes that less than 24 hours later, that same address received $19.3 million back, recovering 88% of the compromised dollar value.

The impacted wallet contained crypto seized from the hackers who looted Bitfinex back in 2016.

The hacker this week stole millions of dollars worth of the stablecoins USDT, USDC, Aave USDC (aUSDC) and Ethereum (ETH), and Arkham noted on Thursday that they had begun selling the proceeds for ETH and funneling the crypto through a suspicious address linked to a money-laundering service.

Arkham has reported numerous digital asset movements affiliated with US government wallets this year:

In July, a different US government address moved more than $2 billion worth of Bitcoin (BTC) seized from the illicit online marketplace known as the Silk Road. Arkham said at the time that the coin shifting likely represented “a 10,000 BTC deposit to an institutional custody/service.”

In April, a US government address sent more than $131 million worth of seized BTC to a Coinbase Prime wallet.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Hacker Who Looted $20,000,000 From a US Government Address Returns the Vast Majority of Stolen Funds: Arkham appeared first on The Daily Hodl.